Morning journal and courier., 1887-05-25
THE LITTLE DERBY.

The Public Much Interested Again
 MT. Starbuck and His PrOpos1tfon-
 The New Phase in the Derby's Situa.
 tlon-News About Town as to the
 New Offer.
 The Starbuck offer to the city for the pur- chase of the city's interest in the Derby rail road excited considerable comment yesterday about town and the general drift of opinicn seemed to be, as far as could be learned, that the offer was well worth considering and a fair proposition. The offer is to pay $2oO, 900 in cash for the city's two thousand shares of stock in the Derby and to pay $25 per share for all stock of the Derby held by in viduals which may be offered within sixty days after the proposition is accepted. The Starbuck offer emanates from the same 6nan- cial sources as did the previous offer of $175,00O. MT. Starbuck represents the New York and New England road interest and the Standard Oil company, being member of the latter corporation and a director in the former. He is rated worth SIC, ,O00, ,O0C and counted one of the most honorable of business men. He is understood to be 8 close and warm personal friend of Hon. John H. Starin. Various prominent citizens not identified with any personal interest in the case come out strongly in favor of the city accepting MT. Starbuck's offer as a matter ot good and sound business policy. They urge that the acceptance of the offer will secure the continuance of the running of the Starir line of steamboats between New Haven and New York and that it should be accepted ir order to give the Derby western connec tion. without which it would be left out in the cold, especially with the Naugatuck leased by the Consolidated. But there should be, they continued, 8 modification of MT. Starbuck's plan. The western connecting link should be built within six months. It could be built in three. The reason given was that with the Naugatuck leased to the Consolidated, as is almost certain will be the case, the Derby would suffer at once in its income. Pooling arrangements would be killed practically, and the Derby would be killed. Hence, if anything is done it should be done quickly. It was urged that the ex tension could be built in three months, there being no rock cutting to be done, and the route being a level one, and in short offering no obstacles to the speedy con. summation of the work. The Star. buck offer was a renewal offer. The amount of the subscription by Messrs. c. s. Bushnell and Herriek P. Frost, of the Hous, atomic Valley railroad company, as trustees on the $175, 900 offer, was. MT Starbuck's offer through those gentlemen. Mir. Starbuck was thoroughly reliable and meant business and no doubt he would not oppose a speedy building of the extension. New Haven needed the extension as sure means of add ing to her prosperity and preventing her from being shut out from large amount of business which would otherwise fall to her. The question was one of great importance.
 The citys finance committee will not have as long and laborious task in hearing the Starbuck proposition they did on the $1z5, 900 offer for the reason that no evidence will have to be secured as to the value of the Derby road, it's earning capacity, etc. All that evidence. which was necessarily very voluminous, is before the committee now. The committee will therefore have much less to do in this case than before.
 The Starbuck offer will have to go before the board of councilmen for their reference of the matter before the finance committee will have the case before them.
 The Derby railroad question is therefore still subject for popular discussion.